Page 79 - The Index
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Specialism/USP Leisure-related assets, entire UK including NI
Charges 1st, 2nd
FCA Regulated No
Interest Range From 0.85% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Unregulated property – residential and commercial
Unacceptable Security Types Regulated property
Treatment of Interest – rolled, Retained, serviced retained, serviced
Max LTV 70%
Max Loan to GDV N/A
Max Loan to Cost N/A
Min/Max Loan Term 3 months-3 years
Min/Max Loan Size £100k-£10m
Geographical Lending Area UK-wide including Northern Ireland
New Builds Yes
Refurbishment Yes, light
Conversions Yes, light
Grade Listed Buildings Yes
Mixed Schemes Yes, but not development
Planning Permission Needed Yes
Commission Rate Up to 2% of arrangement fee
Associations AOBP, NACFB
Early Redemption Charges Yes, but only for a short period
Investment Yes
Owner-occupied Yes
Interest-only Options Yes
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